Economic growth can be depicted as a A) shift in the contract ...

[amal]

Economic growth can be depicted as a
 
  A) shift in the contract curve.
  B) a change in the dimensions of the Edgeworth box.
  C) a change in the preference curves of individuals.
  D) a change in the number of people in the Edgeworth box.

Question 2

When the isocost line is tangent to the isoquant, then
 
  A) MPL = MPK.
  B) the firm is producing that level of output at minimum cost.
  C) the firm has achieved the right economies of scale.
  D) All of the above.

[britb2u]

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[amal]

Thanks for the timely response, appreciate it

[Liddy]

YES! Correct, THANKS for helping me on my review